China makes first appearance in Brazil’s foreign investment statistics

24 March 2010

Brasilia, Brazil, 24 March – China was included for the first time in Brazil’s Foreign Direct Investment (FDI) statistics, the head of the economics department of the Brazilian Central Bank said in Brasilia Monday.

Figures from the Central Bank on FDI in February showed that Chinese investments in the country totalled US$354 million and were directed at the mining industry, more specifically the exploration or metal ores for export.

According to Altamir Lopes, China’s investment and others focused on the export sector were of great help to the future performance of Brazil’s exports and in the long term would help contain the Brazilian deficit. (macauhub)